Microsoft chief’s pay climbs 6% to $1.35 million

Microsoft CEO Steve Ballmer received compensation in fiscal 2010 valued at $1.35 million

Microsoft CEO Steve Ballmer received compensation in fiscal 2010 valued at $1.35 million, according to documents filed Thursday with the U.S. Securities and Exchange Commission. His total package is up six per cent from 2009, when he received compensation valued at $1.28 million.

See how much tech CEOs made last year

Ballmer received a $670,000 salary and a cash bonus of $670,000. His other compensation and perquisites totaled $11,121, which is attributed to a 401k company match and imputed income related to Microsoft’s benefits program.

He did not receive any stock options in 2010 -- nor in 2009 or 2008.

The company, meanwhile, grew revenue and profits by seven per cent and 29 per cent, respectively, in its 2010 fiscal year, which ended June 30. Revenue came in at $62.5 billion, up from $58.4 billion in 2009. Net income hit $18.8 billion, up from $14.6 billion in the prior year.

The decision to decline stock and option awards is Ballmer’s, according to Microsoft’s proxy statement.

“While the Compensation Committee believes Mr. Ballmer is underpaid for his role and performance, it has accepted his recommendation to continue with Microsoft’s historical practice for setting his total compensation opportunity to exclude any long-term equity compensation award,” the company states.

Ballmer’s bonus target was $670,000, which he met. He was eligible, however, to receive a bonus equivalent to 200 per cent of his base salary for the fiscal year, or $1.3 million.

The company's compensation committee weighed a number of factors to appraise Ballmer’s performance and determine his bonus, including: Microsoft’s strong financial year; continued expense management; successful product launches including Windows 7, Office 2010, Bing, Windows Server, and SQL Server; cloud computing progress in areas such as Azure, Office Web Apps and active gaming (Kinect).

On the negative side, the compensation committee weighed “the unsuccessful launch of the Kin phone; loss of market share in the company’s mobile phone business; and the need for the Company to pursue innovations to take advantage of new form factors.”

Ballmer’s total pay is calculated using data supplied in a  proxy statement filed with the SEC on Sept. 30. The following figures are taken from the summary compensation table: salary, bonus, and all other compensation.

Follow Ann on Twitter: http://twitter.com/annbednarz

Read more about data center in Network World's Data Center section.

Join the newsletter!

Or

Sign up to gain exclusive access to email subscriptions, event invitations, competitions, giveaways, and much more.

Membership is free, and your security and privacy remain protected. View our privacy policy before signing up.

Error: Please check your email address.

Tags CEO payMicrosoftbusiness issuessoftwareData Centerhardware systemscorporate issuesConfiguration / maintenance

Keep up with the latest tech news, reviews and previews by subscribing to the Good Gear Guide newsletter.

Ann Bednarz

Network World
Show Comments

Cool Tech

Toys for Boys

Family Friendly

Stocking Stuffer

SmartLens - Clip on Phone Camera Lens Set of 3

Learn more >

Christmas Gift Guide

Click for more ›

Brand Post

Most Popular Reviews

Latest Articles

Resources

PCW Evaluation Team

Michael Hargreaves

Microsoft Office 365/Dell XPS 15 2-in-1

I’d recommend a Dell XPS 15 2-in-1 and the new Windows 10 to anyone who needs to get serious work done (before you kick back on your couch with your favourite Netflix show.)

Maryellen Rose George

Brother PT-P750W

It’s useful for office tasks as well as pragmatic labelling of equipment and storage – just don’t get too excited and label everything in sight!

Cathy Giles

Brother MFC-L8900CDW

The Brother MFC-L8900CDW is an absolute stand out. I struggle to fault it.

Luke Hill

MSI GT75 TITAN

I need power and lots of it. As a Front End Web developer anything less just won’t cut it which is why the MSI GT75 is an outstanding laptop for me. It’s a sleek and futuristic looking, high quality, beast that has a touch of sci-fi flare about it.

Emily Tyson

MSI GE63 Raider

If you’re looking to invest in your next work horse laptop for work or home use, you can’t go wrong with the MSI GE63.

Laura Johnston

MSI GS65 Stealth Thin

If you can afford the price tag, it is well worth the money. It out performs any other laptop I have tried for gaming, and the transportable design and incredible display also make it ideal for work.

Featured Content

Product Launch Showcase

Don’t have an account? Sign up here

Don't have an account? Sign up now

Forgot password?